Harberger Tax: Difference between revisions
Content deleted Content added
No edit summary |
m MOS:BOLDSYN, MOS:STRAIGHT, colon |
||
| (14 intermediate revisions by 12 users not shown) | |||
| Line 1: | Line 1: | ||
{{Short description|Property taxation model}} |
{{Short description|Property taxation model}} |
||
| ⚫ | The '''Harberger Tax''', also known as '''Common Ownership Self-assessed Tax''' ('''COST'''), is a type of [[property tax]] that aims to improve societal welfare by optimising for both investment and allocative efficiency of private property. It proposes a new kind of "partial ownership", halfway between private ownership and common ownership.<ref>{{Cite journal |last1=Posner |first1=Eric A. |last2=Weyl |first2=E. Glen |title=Property Is Only Another Name for Monopoly |url=https://doi.org/10.1093/jla/lax001 |journal=Journal of Legal Analysis |publication-date=10 April 2017 |volume=9 |issue=1 |pages=51–123|doi=10.1093/jla/lax001 |doi-access=free }}</ref> The tax is implemented by two mechanisms: |
||
| ⚫ | ''Harberger Tax''' is a type of [[property tax]] that aims to improve societal welfare by optimising for both investment and allocative efficiency of private property. It proposes a new kind of |
||
* Owners periodically self-assess their property and pay tax on its value. |
* Owners periodically self-assess their property and pay tax on its value. |
||
* Others are able to purchase the property from the owner at any time, forcing a sale. |
* Others are able to purchase the property from the owner at the taxed price at any time, forcing a sale. |
||
First proposed by American economist [[Arnold Harberger]], it was further popularised in [[Glen Weyl]] and [[Eric Posner]] |
First proposed by American economist [[Arnold Harberger]], it was further popularised in [[Glen Weyl]] and [[Eric Posner]]'s book ''Radical Markets: Uprooting Capitalism and Democracy for a Just Society''.<ref>{{Cite web |date=2018-03-07 |title=Radical Markets: Uprooting Capitalism and Democracy for a Just Society |url=https://paw.princeton.edu/new-books/radical-markets-uprooting-capitalism-and-democracy-just-society |access-date=2022-10-16 |website=Princeton Alumni Weekly |language=en}}</ref> |
||
== References == |
== References == |
||
Latest revision as of 01:11, 18 June 2024
The Harberger Tax, also known as Common Ownership Self-assessed Tax (COST), is a type of property tax that aims to improve societal welfare by optimising for both investment and allocative efficiency of private property. It proposes a new kind of "partial ownership", halfway between private ownership and common ownership.[1] The tax is implemented by two mechanisms:
- Owners periodically self-assess their property and pay tax on its value.
- Others are able to purchase the property from the owner at the taxed price at any time, forcing a sale.
First proposed by American economist Arnold Harberger, it was further popularised in Glen Weyl and Eric Posner's book Radical Markets: Uprooting Capitalism and Democracy for a Just Society.[2]
References
[edit]- ^ Posner, Eric A.; Weyl, E. Glen (10 April 2017). "Property Is Only Another Name for Monopoly". Journal of Legal Analysis. 9 (1): 51–123. doi:10.1093/jla/lax001.
- ^ "Radical Markets: Uprooting Capitalism and Democracy for a Just Society". Princeton Alumni Weekly. 2018-03-07. Retrieved 2022-10-16.
